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"The effect you’re seeing currently is due to an immature currency market which has never been held to the same standard as our fiat currency market." I don't
by nickpsecurity 8y ago
"The effect you’re seeing currently is due to an immature currency market which has never been held to the same standard as our fiat currency market."
I don't think immature is the right word even though you're right about other point. The regular system has a lot of regulations, security, and so on to reduce repeating and some big risks. The cryptocurrency community lacks most of that. The reason they do is philosophical: they believe their own decentralized protocols and individual activities are better than [de-]centralized, government-regulated, traditional activities. The hacks are a logical consequence of people with that false belief doing things that logically follow from it. And don't work.
They'd have been better off making a multinational, public-benefit corps with charters and contracts having tons of protections built in.